Friday, March 24, 2017
Saudi Aramco picks Samba Capital as local IPO adviser

Reuters DUBAI Oil giant Saudi Aramco has selected Samba Capital as one of two banks to work as an adviser on its planned share sale in Riyadh, banking sources told Reuters on Thursday. At least six investment banks pitched for a role ..

Malaysia's cbank sees economy, exports growing faster in 2017

Reuters KUALA LUMPUR Malaysia's central bank said on Thursday it expects economic growth to pick up in 2017 for the first time in three years, but suggested it was in no rush to roll back measures imposed last year to stabilise the ..

Daewoo Shipbuilding to get fresh $2.6 bn bailout

Reuters SEOUL South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd - a group that has built up huge losses from offshore projects and risks missing debt ..

Reuters SEOUL/TOKYO/MILAN The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as ..

Dubai Saudi Arabia and Egypt have stopped beef and poultry imports from four Brazilian companies over concerns about food safety after accusations that individuals had been bribed to allow sales of rotten and salmonella-tainted ..

BEIJING Saudi Arabia maintained its spot as China's top oil supplier in February, two months into the first OPEC output cuts in almost a decade, with shipments up 5 percent on a daily basis from January, data showed on Thursday. ..

Dubai Indians have emerged the top foreign property investors in Dubai, spending over $3.2 billion last year alone, according to the Dubai Land Department. The total real estate investments last year reached $2.4 billion from ..

Reuters DUBAI Most stock markets in the Gulf made small gains on Thursday, recovering some of the week's losses, but trading volumes remained very low. Egypt rebounded as foreign funds bought shares there. In Qatar, the index ..

IANS London EU chiefs have warned airlines, including easyJet and Ryanair, that they will need to relocate their headquarters or sell off shares to European nationals if they want to continue flying routes within continental ..

Reuters PARIS Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail ..

Reuters DUBAI Fitch Ratings cut its assessment of Saudi Arabia's credit quality on Wednesday, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans. ..